Sign up free to preview peer percentile detail
Free accounts unlock saves, downloads, and 3-year history.
Sign up free to preview 10-year trajectory
Free accounts unlock saves, downloads, and 3-year history.
| Provider | Service type | Compensation |
|---|---|---|
PAYCHEX, INC.2+ years Service code 15 · EIN 16-1124166 220 KENNETH DRIVE · ROCHESTER, NY 14623 | Recordkeeping | $6,744 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Annual investment return is in the bottom quintile of the peer cohort.
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $15,663 | $56,287-72.2% | $80,977-80.7% | $62,881-75.1% |
| Participation rate | 52.2% | 68.9%-16.7pp | 75.8%-23.6pp | 69.3%-17.1pp |
| Annual return | 5.38% | 22.13%-16.8pp | 17.11%-11.7pp | 20.14%-14.8pp |
| Employer contribution / active EE | $622 | $1,943-68.0% | $3,715-83.3% | $2,281-72.7% |
| Participant deferral / active EE | $1,171 | $4,196-72.1% | $5,696-79.4% | $3,203-63.4% |
| Admin fee / account holder | $171 | $3,742-95.4% | $5,517-96.9% | $4,296-96.0% |